JOYY Reports Second Quarter 2025 Financial Results: Ad Tech Business Gained Momentum, with Non-livestreaming Revenue Growing 25.6% YoY
Briefly

JOYY reported Q2 2025 revenue of US$ 507.8 million, a 2.7% quarter-over-quarter increase, with livestreaming revenue up 1.1% sequentially and non-livestreaming revenue rising 25.6% year over year to account for 26.1% of total revenue. Non-GAAP EBITDA reached US$48.2 million, up 25.7% year over year and 19.3% sequentially. GAAP net profit was US$60.8 million and non-GAAP net profit was US$77.0 million, increasing 16.8% and 3.9% year over year, respectively. Operating cash flow was US$57.6 million and net cash on the balance sheet was US$3.3 billion. The company allocated US$135 million to dividends and buybacks year-to-date and outlined multi-year dividend and repurchase programs. Growth in BIGO Ads, traffic expansion, rising advertiser demand, and algorithm optimization were identified as drivers for future advertising revenue growth.
In the second quarter of 2025, JOYY's revenue reached US$ 507.8 million, representing 2.7% quarter-over-quarter growth. Its livestreaming revenue grew 1.1% quarter over quarter, while non-livestreaming revenue achieved 25.6% year-over-year growth, contributing 26.1% of total revenues. The Company's non-GAAP 1 EBITDA reached US$48.2 million, growing by 25.7% year over year and 19.3% quarter over quarter. JOYY's GAAP and non-GAAP 1 net profit in the second quarter increased approximately 16.8% and 3.9% year-over-year to US$60.8 million and US$77.0 million, respectively.
JOYY continued to deliver competitive, consistent shareholder returns. From January 1, 2025 through June 30, 2025, the Company has allocated US$135 million to quarterly dividends and share buybacks. The Company previously announced a three-year quarterly dividend policy with a total amount of approximately US$600 million, and a share repurchase program under which the company may repurchase up to US$ 300 million worth of shares, from 2025 to 2027.
Read at The Berkshire Eagle
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